Question
QUESTION 1 The following information is available to Gabuih Enterprise as of 31 December 2020: 1. Balance as per book 2. Cheques deposited but
QUESTION 1 The following information is available to Gabuih Enterprise as of 31 December 2020: 1. Balance as per book 2. Cheques deposited but was not stated in the bank statement 3. Cheques issued but not yet presented at the bank RM 1,650 3,500 3,000 100 150 6. Direct payment by a customer into the bank but not recorded in the book 7. Balance as per bank statement 2,600 3,800 4. Bank charges debited from Gabuih Enterprise account as in bank statement 5. Interest recorded in Bank Statement only REQUIRED: Prepare a Bank Reconciliation Statement for Gabuih Enterprise. QUESTION 2 Al-Yahya Enterprise has established a petty cash fund for its small expenditures. The following transactions took place during the month of February 2021: Feb 1 Established a RM200 petty cash fund with cash withdrawn from the company's account. 20 The petty cash fund has RM15 remaining and is replenished. Expenditures during the month were RM60 for freight-in, RM35 (meals), RM20 (postage), RM65 (amenities), and RM10 (parking) REQUIRED: Prepare the journal entries for the above transactions.
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